Food Thickeners Market Growth: Influenced by Increased Demand for Processed Food, Aging Population and Regulatory Approvals

Sustained Market Expansion Due To Adoption Of Plant-Based Thickeners And Emphasis On Texture-Modified Diets

What Is The Projected Market Size Of The Global Food Thickeners Market And Its Growth Rate?

The global food thickeners market has shown promising growth over recent years and is expected to continue this trend in the coming years. Key statistics include:

* The market size was valued at $13.24 billion in 2024 and is projected to grow to $14.27 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%.

* The growth in recent years can be attributed to an increase in demand for processed and convenience foods, the rise in an aging population experiencing dysphagia, the need for texture modification in food products, the global expansion of the food and beverage industry, regulatory approval and safe usage of food thickeners, and increasing prevalence of neurological disorders affecting swallowing.

* Projected to experience robust growth, the industry is estimated to reach $19.12 billion in 2029 at a CAGR of 7.6%.

* This forecasted growth is due to the adoption of plant-based and algae-derived thickeners, increased focus on texture-modified diets in healthcare and geriatric care, and R&D in novel thickening agents for specific applications.

What Is Driving The Growth In The Food Thickeners Market?

The food thickeners market's expansion is being propelled by its extensive use in the food and beverage industry. Companies that engage in food processing, packaging, and distribution of packaged and freshly prepared dishes, along with alcoholic and non-alcoholic beverages, make extensive use of food thickeners. These products enhance the viscosity and consistency of a diet or beverage. As per the India Food Services Report-2024 by the National Restaurants Association of India (NRAI), the food services sector contributes 1.9% to India's GDP and is expected to expand from INR 5.69 trillion ($68 billion) to INR 7.76 trillion ($92 billion) by 2028. This growth, representing a compounded annual growth rate (CAGR) of 8.1% from 2024 to 2028, exemplifies the sector's resilience and potential role in the country's economy.

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Who Are the Key Players Driving Food Thickeners Market Growth?

The major companies operating in the food thickeners market include:

* Cargill Incorporated

* Archer Daniels Midland Company

* Ingredion Incorporated

* Ashland Global Holdings Inc.

* CP Kelco ApS

* DuPont de Nemours Inc.

* Kerry Group plc

* Darling Ingredients Inc.

* Tate & Lyle PLC

* Medline Industries Inc.

* Guar Resources LLC

* Deosen Biochemical (Ordos) Ltd.

What Are The Key Trends In The Food Thickeners Market?

The food thickeners market is observing several trends such as:

* Adoption of plant-based and algae-derived thickeners

* Rising interest in customized texture solutions

* Texture modification for dysphagia management

* An emphasis on transparency and clean label claims

* Introduction of texture-modified pet food

* Development of functional thickeners offering health benefits

What Are The Segments Of The Global Food Thickeners Market?

The food thickeners market is divided into:

1) By Type: Starch, Protein, Hydrocolloids

2) By Source: Plant, Microbial, Animal

3) By Application: Bakery, Confectionery, Sauces, Dressings, Marinades, and Gravies, Beverages, Dairy and Frozen Desserts, Convenience and Processed Food

Which Region Leads The Food Thickeners Market?

In 2024, Europe emerged as the largest region in the food thickeners market, while Asia-Pacific is projected to be the fastest-growing region during the forecast period. The regions covered in the food thickeners market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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What Is Covered In The Food Thickeners Market Global Market Report?

The Global Food Thickeners Market Report provides:

- A breakdown of the Food Thickeners Market size across key regions, countries, product types, and applications

- Identification of various subsegments within the Food Thickeners Market for effective categorization

- Focus on key players to determine market share and competitive landscape

- Analysis of individual growth trends and forecasted growth

- Evaluation of the contribution of different segments to overall Food Thickeners Market growth

- Examination of key factors driving market growth and influencing opportunities

- Analyses of challenges and risks affecting the Food Thickeners Market

- Evaluation competitive developments like expansions, agreements, and the launch of new products in the market.

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